Brasília – The consolidated public sector – federal, state, municipal government and state-owned companies – posted a primary deficit for the second month in a row. In June, the primary deficit reached US$ 937.39 million (or R$ 2.1 billion). In May, the deficit ran at US$ 4.93 billion (or R$ 11.046 billion). This was the first time in the Brazilian Central Bank’s (BC) historical series that a primary deficit was posted in the month of June. The historical series was initiated in December 2001. Last June posted a primary surplus of US$ 2.423 billion (or R$ 5.429 billion).<\/p>\n
With these results, H1 primary surplus is running at US$ 13.114 billion (or R$ 29.380 billion), as against US$ 23.282 billion (or R$ 52.158 billion) posted in H1 2013. In the twelve-month period ended June, primary surplus reached US$ 30.589 billion (or R$ 68.528 billion), the equivalent to 1.36% of the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country. The target for the public sector this year is 1.9% of the GDP. Primary surplus is savings to pay interests on public debt. The fiscal effort allows for a medium- to long-run reduction in government indebtedness.<\/p>\n
Last month, the negative result was driven mainly by the Central Government (National Treasury, Social Security and Central Bank). The primary deficit ran at US$ 1.219 billion (or R$ 2.732 billion). State governments posted a primary deficit of US$ 76.33 million (or R$ 171 million) and the municipal governments a surplus of US$ 126.77 million (or R$ 284 million). State-owned companies, not including the groups Petrobras and Eletrobras, posted a primary surplus of US$ 231.22 million (or R$ 518 million).<\/p>\n
*Translated by Rodrigo Mendonça<\/strong><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Federal, state, municipal governments and state-owned companies posted a combined deficit of US$ 937.39 million in June for the second consecutive month. In May the negative balance was at US$ 4.93 billion.<\/p>\n","protected":false},"author":2229,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-48566","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Federal, state, municipal governments and state-owned companies posted a combined deficit of US$ 937.39 million in June for the second consecutive month. In May the negative balance was at US$ 4.93 billion.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2229"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=48566"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48566\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=48566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=48566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=48566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}